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could bypass congress and everything from the debt ceiling to gun control. for starters, vice-president biden saying today the president may impose gun control with an executive order. former speaker of the house, newt gingrich joins us, nice to see you, sir. >> good to be with you. i have to say, you have the most amazing program tonight that i can remember. >> greta: it's quite vast and varied let's say. >> remarkable. >> greta: don't want to miss any of it. and don't want to miss you either. tell me, the vice-president says the president may use an executive order for -- to impose gun control. your thoughts? >> well, the president can try to do almost anything if he wants to. the question is will he get away with it? the two natural stands are first, somebody will file a lawsuit, saying that it's illegal, and unconstitutional. but second, the house republicans have an opportunity when the continuing resolution comes up at the end of the march, to simply zero out the authority, to say no money shall be spent. now, that's so clear under our constitution, and goes all the way

another thorny issue this year. president barack obama wants to raise the debt ceiling, that's the limit of how much the federal government can borrow. members of congress need to reach a deal by the end of next month. >>> students who survived a mass shooting at a school in connecticut have endured a rough few weeks. they went back to class for the first time since the attack. about 400 students arrived at an unused junior high school. they are using the building at a neighboring town as their new campus. their old school remains closed. a gunman entered sandy hook elementary last month killing 20 of their school mates and six adults. the attack prompted president barack obama to push for tighter gun control. he suggests he wants to ban assault rifles and strengthen background checks. a recent poll suggests many americans still oppose a ban on the sale of assault rifles. the national rifle association carried weight across capitol hill and many republicans too are against further restrictions. >>> al jazeera has set its sights on one of the world's biggest tv markets, the united states.

the pentagon. he slammed the door on debt ceiling negotiations demanding congress raise it without drama and says he's ready to be tough on gun control but remember the president doesn't have to worry about re-election ever again. so expect his second term agenda to look a lot like this. full of overtures to the base which criticized him over the last four years for caving to republicans. to help decipher what to expect in the next four years, we start with nbc's peter alexander outside of the white house and "the washington post" david nakamura. peter, look, you could describe the first term and the first few months since being re-elected as a confident obama. making bold cabinet picks. laying out a very ambitious agenda, adding gun legislation to the docket or you could describe it as almost confident. you know, he backed away from the susan rice pick. he gave in on taxing the top income earners at the rate he wanted. and so far he's really just tiptoed kind of cautiously around gun control. so this a confident obama based on the agenda you're seeing or a caution one? >> reporter: focu

ceiling. if congress does nothing to increase the debt ceiling by then, we could be looking at a government default. even if it is not a default on our debt and the treasury says they will prioritize interest on payments, we're still looking at at a default under government obligation. that means the treasury and the government would have the ability to go out and spend money and the treasure would not have the checks to pay. that could include dod civilian, uniform civilians, on tractors -- contractors. they would expect a check and it would not show up. that would be true for the non- defense parts of the budget as well. doctors expecting a reimbursement. that is if we go into a default situation. that is a major threat to our economy. i argue that it is a threat to our national defense. every major war the united states has fought has been financed in part through borrowing. by going into a default and not being able to pay our obligations for the first time in history, we will put at risk the full faith and credit of the united states government. the treasury has said th

a problem with congress. i've got a problem with the debt ceiling. let me pick a guy who almost all sides agree is one of the foremost experts when it comes to the budget. >> rick, what do you think? jump in here. >> well, you know, carlton college, harvard, '73 and a to tip o'neill, a former lifer bureaucrat here. instead of someone like a jamie dimon, and i think steve is absolutely right. i don't think there's a human being on the planet who knows the current budget and its issues better than jack lew which is exactly the reason i would say he's absolutely not my first choice for the job or the fifth guy in line to be president should anything happen to the other four because i think he's going to have a parental relationship, so to speak, with the budget and its process in trying to change it, and i think that that paternal instinct is going to be defending it versus, you know, actually trying to make a difference. looking at the budget even though we technically haven't had one. we've had continuing resolutions. i think we need someone that will look at frankenstein monster called th

and the looming debt ceiling, can the new congress get anything done or are we in store for more fighting? >>> also social media casting a spotlight on this steubenville, ohio, rape case, new details surround willing the case of the two high school football players accused of sexually assaulting a 16-year-old girl and for the first time we have heard from one of the defense attorneys, lls the attorney general of ohio heading up the prosecution will be on. >>> don't mess with texas, well the snow is. we have blizzard conditions shutting down a major interstate and covering the lone star state in powder. >> it is friday, january 4th, "starting point" begins right now. we're missing a chair. it's the two of you. she's out and about, john avlon, senior columnist of "newsweek" and "the daily beast" somewhere in the wings, margaret hoover, the lovely wife of mr. avlon, cnn political contributor who is walking on in. >> dramatic entrance. >> yes, we like it, gorgeous. also, ryan lizza, washington correspondent of "the new yorker." >> also gorgeous. >> like that. >>> superstorm sandy relief is on

the president taking a solid stance on the debt ceiling. >> and our hi-def doppler radar our cbs 5 hi-def doppler radar is working overtime today. we'll give you your updated rainfall foals and plus tell you -- totals and plus tell you when your sunshine comes back in your seven day, up next. ,,,,,, ,, congress and t >>> the battle lines are already being drawn for the next showdown in washington over money. congress and the president have two months to work out a deal to raise the nation's already maxed out borrowing limit. but as cbs reporter major garrett shows us republicans are already saying no deal without spending cuts. >> reporter: the grand stage at the capitol nearly complete. so too the presidential reviewing stand just outside the white house gate. the first family's hawaiian vacation carved up by fiscal cliff drama ends today. the president used his weekly address to tell the nation that raising the debt ceiling to avoid a government default is a problem for congress. >> one thing i will not compromise over is whether or not congress should pay the tab for a bill they've

to congress so you have to raise this debt ceiling. he is, and we expect him to appoint senator chuck hagel whom you know, a republican senator, to be defense secretary. he's quite controversial amongst some of your democratic colleagues but especially among republicans. what do these two stances by the president, his decision to go forward on a nomination that he knows will be controversial, and his decision not to deal with at all on the debt ceiling with the republicans. what does it tell you about president obama's tone in this second term? >> it tells me that he not only won the election but he wants to lead this country. you know, sitting back here and avoiding any confrontation and any controversy is going to make a weakened presidency. he needs to lead for the good of this nation, and we need to work together and find compromise and consensus in both political parties. chuck hagel was a republican senator from nebraska, a decorated veteran of the vietnam war, a person who has a resume that includes service on the foreign relations committee as well as the intelligence committee. yes

to have a debate with congress over raising the debt ceiling and making sure america can pay its bills, but as we saw the last time, that's not really up to the president. >> yeah, now, first thing's first, the house taking up the sandy aid bill today. how is this different than what they've considered before or haven't considered before? >> well, the thing is the senate already passed a bill. what the house is doing is breaking it into two pieces. after they reached that big deal to avert the fiscal cliff, postpone it, really, a lot of house republicans, especially from new york and new jersey, were angry the speaker did not put on the floor a vote for sandy aid for these relief victims. they're going to vote later this morning on a bill. about $9 billion for the national flood insurance program. that's to be able to give money to that program so it doesn't run out. fema has said that money would run out starting next week at some point. the idea is to vote on that today and then on january 15th they'll vote on another $51 billion in general aid. so today's the first of two votes. >>

. >>. >> reporter: the president says he won't negotiate with congress over lifting the debt ceiling. >> i will not play that game. >> reporter: republicans say -- >> the president may not want to have this debate, but it's the one he's going to have, because the country needs it. >> reporter: so while they debate over a debate and raise head-long into the dead ceiling, is there a magic bullet to solve the crisis? try a magic coin. some economists, legal scholars and now even a congressman, are suggesting a $1 trillion platinum coin could be minted and the government could use that to pay the debt, avoid default and preempt the debt kreeg crisis. democratic congressman gerald name and address or of new york says i'm being serious. it sounds silly but it's absolutely legal. why do you think it's a good idea right now? >> well, i think it's better than a government shutdown. it's better than defaulting on the debt. it's better than the bad at actives. >> reporter: and technically, it does appear to be legal. here's how. the u.s. government can print new money, but under law, there is a limit

for it. >> congress has about two months to fix the debt ceiling before the u.s. may have to default on some bills. >> how is that tough talk going over with republicans? >> not very well. >> republicans who agreed for the president's push for higher taxes during the fiscal cliff battle, now want to tackle spending and raising the debt limit as part of the spending problem. we want more bipartisan negotiations and less campaigning. >> and it looks like the second term of barack obama is going to be an in-your-face term. i'm not going to talk about the debt ceiling. we have yet to cut one dime from the last debt ceiling agreement and now here it's time. we've got to stop the madness. >> democratic congressman says it's quote, reckless and irresponsible not to pay bills that are due. >> molly henneberg, thank you. after decades of service to our country, this former general could be found in civilian clothes, not necessarily by choice. general stanley mcchrystal talking about what cut his career short and the man who become the 37th u.s. president was born in a house. the richard nixon

secretary. congress has two months to fix the debt ceiling before the u.s. may have to default on its bills. so the president comes back from a nice vacation in hawaii, he comes back to big issues that they have to tackle. sequestration, the debt ceiling, spenning. he is enjoying his last few minutes here on the plane, taxiing and he will head back to the white house with his family. >> jamie: molly, thank you. >> can washington come up with a plan to raise the debt limit without burying the count country in more debt? we have a former spokesperson for former governor jeb bush. happy new year. justin, the president says there won't be any negotiating t. needs to be raised -- period. what do you think? >> i think it's remarkable. it's as if the election meant that president obama has been elected king. the republicans compromised on a very important principle. they didn't want to raise taxes. president obama wanted to raise taxes, they compromised. now president obama is issuing a no-compromise to the congress, to the american people -- 48% didn't rote for president obama. it's very disrespe

bypass congress entirely and invoke the 14th amendment to the constitution and raise the debt ceiling on his own and high-ranking republicans, john cornyn, also stated this week he thinks republicans should be prepared to push it to the point of a potential government shutdown in order to more spending cuts from the other side. one important thing to bear in mind, we have two months to get the deal done, the leeway is much less for them. the senate and the house will only be in session for two days until they come back on february 4th, and that's not a lot of time to sit down and get negotiating done. >> i want to pick up what republican senators john cornyn said in the houston chronicle. the op-ed, it may be necessary to parnl partially shut down the government in order to secure the long-term fiscal well-being of our country, rather than plow along the path of greece, italy, and spain. making a comparison to the beleaguered countries in europe. do you think we could see a shutdown? >> i don't think so. republicans want spending cuts to happen, but newt gingrich said yesterday and a

into which sewer. >> i do think ultimately it's not going to be the debt ceiling. that's one where congress almost by definition is going to lose. it's a poor place to have this discussion. it's going to happen in and around sequestration. and you made a point earlier about the fact why don't the republicans come up with a clear idea and clear frame. i think that applies to both democrats or republicans and i would submit the first side that does it in a clear big way that provides a bigger context and framing is going to be much stronger position. that's where the fight's going to take place. >> there is one clear deal i would make, larry, and i would recommend both sides to make. >> real quick. >> change cpi for the debt ceiling. get rid of the debt ceiling, permanent fix. >> i'm for that, everybody's for that except senate democrats aren't for that. we'll see. thank you very much. awfully sensible, if i may say so myself. tony, hang with us, we're going to have you back as a football analyst. but we've got some good news and even some better news. now, listen to this, regulatory menace l

intentions. the debt ceiling message is the same, congress must allow the administration to pay the bills that congress be mandated be paid. >> shep: they spent money, the congress, and now what this is all about, do we actually pay for just what we just bought. you actually get to do that? >> you should not be able to. it's understandable why this happens. this is an instrument of influence by the congress when you don't have somebody in the white house. realistically speaking it's the mix of things getting debated and it raises the stakes. next phase is how much revenue we're going to get, it's about are we covering the bills the next seven months. >> shep: were you surprised by jack lew? >> it seemed to be pretty well telegraphed. loyalty is put at a premium. as all the reports say the president seems to trust she good advocate. just because it's been kind of put out there for a while. >> shep: where before they were a team that had gone at each other and now he is bringing a team of loyalists? >> it appears so. maybe not defense as much of a loyalist or insider, but i do think that is

of the so-called fiscal cliff. the new congress faces another looming showdown over the debt ceiling and possible spending cuts delayed under the fiscal cliff deal. john boehner addressed the debt thursday in his opening speech. >> as speaker, i pledge to listen and to do all i can to help all of you carry out your oath of office that we are all about to take. because in our hearts we know it is wrong to pass this debt onto our kids and grandkids, now we have to be willing, truly willing to make this problem right. >> house speaker john boehner faced a massive backlashes week after initially canceling a vote on relief for superstorm sandy. the house is expected to vote on the first round of aid today. gun-control advocates introduced legislation on the first day of the new congress to ban high- capacity ammunition magazines in recent -- used in recent massacres including the one at sandy hook last month. carolyn mccarthy of new york said the assault magazines help put the mass in that shooting and anything we can do to stop their proliferation will save lives in america. she lost her

, the debt ceiling can probably, on that basis if nothing is congress, congress will agree to raise debt ceiling on the sequestration. but that is a messy solution. what we need is an agreement between congress and the president over the long-term, both on what spending measures have to be taken for 2013 and longer term. and that is the debate that is still under way. i think there will be some sort ooh a deal. we were halfway down from the previous agreement reached on september 11th. it's a process that's going to be tortuous, but it will probably be resolved. >> tortuous and messy i think will the right words. >> why don't we turn our ears now until like this 24th hour and then just tune -- i mean, forget anything to that point is going to be noise, right? >> well, unless the noise tells you it's going to happen which is it's going to be -- >> well, that's my point. we all know it's going to be messy, complicated, tortuous. >> clearly, it will be fiscal issues in the u.s. economy. unless there's growth in the private sector to more than compensate for that, u.s. growth is not going to

, debt ceiling cliff. your elected officials ready to push america over the edge of the cliff. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. >> well, yes, you will, mr. president, and very soon. democrats and republicans are set to clash again over raising the u.s. debt ceiling. back in the old days, the u.s. had a snl where every time a bill involving money was passed, the treasury had to raise money for by issuing bonds. the debt ceiling law was given the u.s. treasury the flexibility to borrow money. it had nothing to do with spending control or debt control. it was a technicality. most functioning countries don't have any such thing because they understand that if the government spends the money. it has to pay the bills. republicans seem to think that the debt sealing is a good tool to limit how much the government spends, the current debt ceiling was hit on december 31st, but like last time, the u.s. treasury is using extraordinary measures to ghet get it throu

the ramifications are to americans by not lifting the debt ceiling. and you're right, mike, all this is about, as the president said, is paying for the bills that congress has already voted to fund. and it's not lifting the debt ceiling to pay for future spending. it's to pay for the bills that we've already accrued. but regardless of that, regardless of that, the people want us to get together and do something. it's why i was sad to see steve decide not to run for re-election because we need republicans, we need more republicans who are going to stand in there and say, yes, spending is the issue, but we've got to realize that we've got to have reasonable revenue that comes into the mix, and we've got to look at everything. when it comes to spending, defense cannot be a sacred cow. we have to look at everything, and we have to have legitimate entitlement reform. and on our side, mike, we have got to do this. i was on "the cycle," one of msnbc's shows, and i suggested that raising the age on medicare given the fact we're living longer isn't a necessarily bad idea. the three progressive hosts,

congress narrowly avoideded that catastrophic fiscal cliff, now we're facing another debate, the debt ceiling. many members of congress say the last-minute brinksmanship that happened with the fiscal cliff is not going to be repeated when it comes to raising the debt ceiling. others may not be on board with that. republican matt salmon of arizona had this to say. >> i was here in the government shutdown of '95. it was a divided government, democratic president of the united states and a republican congress. i believe that that government shutdown actually gave us the impetus, as we went forward, to push toward some real serious compromise. i think it drove bill clinton in a different direction, a very bipartisan direction. >> joining me now, l.z. granderson and will cain, both cnn contributors. good morning, guys. >> good morning. happy new year. >> happy new year. i'm so glad to be back. i've been on vacation, and i feel like i'm talking about the same stuff, which i am. i wanted just to lay out the idea of a government shutdown for people who can't remember as as far back as 1995 be

or come to some decision on the debt ceiling. are you willing to vote to raise the debt ceiling? >> i think ultimately we're going to have to, aren't we? i don't think there's a single person in congress or in washington that recognizes that, you know, some time in the next short while, we're going to hit that limit. and at that point, we have to -- we have a financial obligation to, you know, millions of people and to programs throughout our government. the question is, what are we going to do to fix the problem? like you started out with your quote there, we want to come back and fix something, do something meaningful here. i tell you what. the problem is that we just continue to kick the can down the road and it doesn't help anyone. we talked about saving our childr children, our country for our children or grandchildren. i don't think we have that long when it comes to our debt. we can't -- this isn't a generational problem. this is a problem we've got to take care of right now. >> and you're talking policy, which is a good thing to talk about. of course, we know in washington pol

that is congress must lift the debt ceiling. the president said the nation's credit rating is at stake . the second bank robber recaptured after a prison break makes his first court appearance. he could face five years behind bars . mediator in the nhl labor fight is back. both sides have less than a week to end the lock out. recovery crews are preparing to move a drilling rig that ran aground in the remote alaska island. it was towed during a storm to seattle when it was separated from the tow lines. crews are gearing up to attempt to recover the rig. dominic is track from the la news room. >> hey, there. describing it as firm's agrounded drill ship on the rocky banks. on the islands that is just south and means seriously stuck and how to get it out of the water is a massive plan. it involved sea and air and land operations. the risk is more bad weather is coming in the area it could mean hostile conditions . today they flew in more crewing to fix the power on the rig. their lives are at risk in doing this. >> so many people involved in the resphonce operation. we have air and float assets and peo

to replace tim geithner. if he is confirmed, he will work with congress to raise the debt ceiling and also the president will have to work with a new chief of staff. >>> they have approved new zephyrs pay -- severance pay under the done ask done tell law. the settle -- don't tell law. the settlement comes after the vote last fall. >>> the two electronic's company are fighting on several fronts. today it will lead to selling it here in the u.s. and it includes gallon lassie includes 8 of its parents and they are not being compensated. the battle -- 8 of its patents and they are not back compensated. >>> we now know the name of a woman who crashed into a pond and died. she lost control of her car on the on ramp and it hit a curb crashed through a fence and went right into the water. dive teams tried rescue her but it was too late and the cause is still under investigation. >> they gave tough approval and the council unanimously included medical marijuana and electronic cigarettes. this includes commercial sidewalks and this takes affect next month. other limits will be phased in next year. >

to a big start by taking the week off. >> not just the debt ceiling, but there is also the sequester. >> republicans are not going to play ball in the sequester. >> this is packed with responsibility. >> republicans are saying they have leverage. >> we have to use whatever leverage we have. >> what happens to the leverage? >> actually, misunderstanding the situation. >> a different set of nuts. >> i'll go back to my original question. >> i know what your question is. >> how far are you willing to take this strategy. >> would you rule out a government shutdown? >> i helped close the government twice. i think that is a dead loser. >> hopefully we don't get to that point. >> a place for politics. >> well, i got 98% of what i wanted. i'm pretty happy. >> the republican party losing streak continued today as a new poll shows that republicans also lost in the public perception of the fiscal cliff negotiations. "the was post" shows that 30% approve the way house speaker john boehner handled fiscal cliff negotiations, 56% don't approve, 53% approve the way president obama handled negotiation

this time over the debt ceiling. both the white house and the republicans in congress are digging their heels in raising the threat of another government shutdown. we will get a live report from washington next. plus, seems kids these days have pretty high opinions of themselves according to findings of a new study. the research suggests they could be in for a bit of a disappointment. you ain't all that. et frequent n come between us and what we love. so if you're one of them people who gets heartburn and en treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero hearurn. but, dad, you've got... [ voice of dennis ] allstate. with accident forgiveness, they guarantee your rates won't go up just because of an accident. smart kid. [ voice of dennis ] indeed. are you in good hands? [ voice of dennis ] indeed. isurprise...it's eating less. to losing weight. i'm hungry just thinking about it. thank goodness for new slimful. one delicious, 90-calorie slimful and a glass of water, like be

and now the lines are drawn for the battle or -- over the debt ceiling. >> add -- as i sad earlier this week one thing i will not compromise over is whether congress should pay the bill for a tab they have already racked up. if congress refuses to give the government the about -- ability to pay its bills on time, the consequences could be catastrophic. >> speaking for the republicans today michigan congressman davecamp faulted the president and congressional democrats for not working hard enough to incorporate meaningful spending cuts in the fiscal cliff deal. >> and the food and drug administration is proposing two sweeping rules to prevent food becoming con taminitied -- contaminated. the first rule would require companies that process food to take measures to prevent the risk of contamination. the second would require companies that harvest fruits and vegetables to prevent e. coli contamination. >>> well, time to get rid of that christmas tree. next, the city of coig has made that easy for some chicago residents. >> and it's that ti

need to raise the debt ceiling, but if we don't raise it without a plan to get out of debt, all of us should be fired." >> reporter: strong words for a new congress, the new years deadline for the so-called "fiscal cliff" has come and gone. now lawmakers start a new session under pressure to avert another financial crisis -- this time over raising the debt ceiling. if an agreement isn't reached by late february or early march, the united states risks defaulting on its financial obligations. the argument this time around will be over how much congress will agree to cut spending. >> "the bottom line is we can't continue down the path we're on of borrowing money to pay our own debt with, and we've got to have serious spending cuts. we've got to have dollar for dollar within the same year." >> reporter: but key democrats say the debt limit and spending cuts are not related, and a deal based on a dollar-for-dollar offset could further damage the country's credit rating. >> "you're going to say i'm not going to pay my bills unless you stop buying stuff? then stop buying stuff so you don't h

. if confirmed, he would take over the treasury department's before the white house and congress debates the debt ceiling. this is 15 minutes. >> ladies and gentlemen, the president of the united states accompanied by some of tim geithner and sap jack lew. >> men, everybody, please have a seat. a little more than four years ago, i stood with mr. tim geithner and denounced him as my first to my cabinet. we were barely two months into the financial crisis, the stock market have quivered, the housing market had cratered as well, a bank after bank was on the verge of collapse, and worst of all, more than 800,000 americans would lose their jobs in just a bad month. and the bottom was not yet in sight. i cannot blame tim when he told me he was not the right guy for the job. [laughter] extensivet tim's experience with economic policy made him qualified and i knew he could hit the ground running. as chairman of the new york federal reserve, he had just spent several sleepless and chaotic weeks immersed in the complexities of the crisis and had been working closely with his republican predecessor at treas

to work with republicans in congress to raise the nation's debt ceiling. if he can survive that battle, global financial fights will probably seem pretty easy. darren gersh, "n.b.r.," washington. >> susie: also in washington today, new rules to protect consumers from risky home loans. the consumer financial protection bureau says the rules make sure home buyers understand exactly what they're getting into, when they take out a loan. lenders now have to determine the borrower's ability to repay the loan. borrowers will have to prove they have a job, meet a minimum credit score, and can afford a loan's monthly payments and related expenses like property taxes. the rules do away with those so- called "no doc" loans where applicants didn't provide any personal financial information, and caused the mortgage mess in the financial crisis. >> joining us now to talk more about the new mortgage rules, raj adabi, of the consumer protection bureau. raj, key rates are gone, and fewer balloon payments. how do this change the kinds of mortgages people can get now. >> it is pretty simple. going forwar

says he will not negotiate over the debt ceiling. he should not. this is something that is artificial. >> will the new congress make a difference? more women, more latinos, gays and lesbians. will the makeup of congress make a difference? >> if anything, congress is more polarized because of redistricting. this is part of the problem. >> you do not see a ted cruz of texas and elizabeth warren coming to terms over legislation? >> i doubt it. there's another thing here that i just want to mention. the president says he will not negotiate a bar raising the debt ceiling. that is paying the bills we have already incurred a, not setting a new standard. he has to negotiate, but he also has the possibility, instead of just letting us rolling the dice as simply saying he's going to break it. if he does that, there will be a court case, but that will take time. >> they want to jeopardize the full faith and credit of the united states by refusing to raise the debt limit, they will pay the consequences. >> you may want to refer to an impassioned speech obama gave in 2006 against raising the debt

of automatic spending cuts and the need to raise the nation's debt ceiling. >> brown: still to come on the "newshour" tonight: weighing the fiscal cliff deal; charges in the india gang rape case; the country's crumbling sewage system and an expanding american reach for al jazeera. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: for another member of congress, today marked an especially momentous return to work. republican senator mark kirk of illinois suffered a stroke 10 months ago, and had to learn how to walk again. today, he climbed the 45 steps of the capitol, with vice president biden and west virginia senator joe manchin on hand for support. secretary of state hillary clinton will return to work at the state department sometime next week. clinton was discharged yesterday from a new york hospital, where she had been treated for a blood clot in her head. a state department spokeswoman said clinton is now resting at her home in new york, but wants to get back to washington. >> some of the senior staff who spoke to her half an hour ago said that she

the authority under the 14th amendment to raise the debt ceiling on his own without waiting for congress? >> yes i do believe it has the authority but unfortunately the president made it clear he will not use the authority. i don't know whether he really believes he has it. he has made it clear he won't do it. >> bill: too bad. it would have been nice to see him issue that threat. >> peter: congressman, i want to ask you about a topic that's been gaining traction here in recent weeks. >> bill: one way to solve the debt ceiling problem. >> peter: one way to solve the debt ceiling problem is for the treasury to create a coin and deem it worth $1 trillion. it is the mint a coin campaign and use that to pay down our deficit. the white house yesterday was asked about it. they didn't rule it out. what's your take on that, congressman? is that something that we could possibly look at and even go down that path? >> i think we should look at it -- i think we should look at it very, very carefully. it is almost too good to be true, to be frank. we can solve this problem. this debt problem. and we can make

much he wants to get involved. >> jamie: do you think he could raise the debt ceiling without getting the consensus of congress? >> he has already done things that most cooling scholars is dubious. he made appointments in congress when congress was out of session but congress said it wasn't out of session. nancy pelosi the democratic leader of the house has said the president should do this and she'll back him up. if the president did that it might go to court. i don't think the courts would exercise injure diction on that. of course the president would do that. if the consequences are catastrophic as they claim, i don't think they will be, of course he'll do it. >> jamie: you talk about the republicans' approach of cutting spending in order to make this deal on raising the debt ceiling. is there any other choice than to cut spending? >> you can do three things without problems unless you wanted to become greece. you can cut spending, reduce the rate of spending that we have. you can raise taxes. we just did that or you can print monday and we have done a lot of that. those are three

he will not negotiate over the debt ceiling. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. >> reporter: if the president won't come to the bargaining table one top republican in the senate john cornyn says in an op-ed in the houston chronicle it may be necessary to partially shut down the government in order to secure the long-term fiscal well being of our country. democrats warn, watch out. >> risking government shutdown, risking not raising the debt ceiling is playing with fire. >> on this vote the aye are 354 the nays are 67. >> reporter: a preview of the brinkmanship came in the house where 67 republicans including house budget chair paul ryan voted against $9.7 billion in aid for victims of superstorm sandy despite the tongue larshig from new jersey governor chris christie. >> shame on you. shame on congress. >> reporter: the fact that the rest of the relief is up in the air until later this month was a letdown for new york and new jersey lawmakers. even the

in on their agenda... old ver.but - problems. with the looming debt ceiling crisis, lawmmkers cut spending, which as proved not to be an asy task with partisan politics at ppay. the new year we'll focus on is seeing if we can put a paccage little bit less drama, a - little bit less brinksmanship. this coogresssincludes the fiist openlyygayyseeatorrann the first openly bi-sexual member from either chamber.it also ncludes a record number of women - 20 in tte senate and 81 in the house. the new congress is scheduled to vote todayy.. on aid foo viccims of superstorm sandy. the house is expected to billion-dollar measure... to pay for flood insurance claims. some lawmaaers say the mooey is urgently needed for storm victtms... who have been awaiting claim checkk sincc this was the scene thursday... as earry 4-hundred sandy hook sttdents resumed class.tte siteeof the shooting is still part of an ongoing investigation... so former middle school in nearby town was re-puuposed... and reeamed students a sense of familiarity... desks and otter oojects were bbought to their new school. a number of &pp

he has to figure out is he's got to negotiate a sequester deal and a debt ceiling deal with congress or figure out how to run the government without any debt. in other words, match cash flow to expenses. second item is long-term he's got to come up with entitlement fixes and a fix for the longer-run deficit. finally, tax reform, corporate and individual, potentially on the table. i think jack lew is probably pretty strong in this particular area. but the other aspect which was always there but has now risen significantly in importance is global finance. he is the stand-up man for the next meltdown. he's got to finish and keep negotiating dodd-frank and the basel iii accords with international regulators. that happens underneath the treasury secretary. and what about housing, fannie mae, freddie mac? another big topic on the table. and dodd-frank does not fix or finish the too big to fail issue. that remains on the table. then there's all the stuff we used to think about the treasury secretary's job. the spokesman for the greenback, negotiating with china, and other of our trading par

revealed the 113th congress is not going to learn the lessons of the 112th, brace yourself for the debt ceiling debacle, part two. >>> john boehner once again holds the speaker's gavel. only in his hands, it is weightless and makes no sound. >> the number one issue is still the economy. >> the new jobs reports shows 155,000 jobs added. >> that is about what was expected. >> things only get worse for john boehner. >> he is getting hit from all sides. >> we're standing here not to be something but to do something. >> if washington was going to do something they had their opening. >> it is a time to rise. >> the next flight, the debt ceiling. >> i think that is frankly a dead loser. >> it is time to rise. >> we really are playing with dynamite with the debt ceiling. >> is the glass full or half empty. >> tax increases destroy jobs. >> we always assume the republicans have the leverage in the debt ceiling negotiations. >> i will not have another debate with this congress. they should pay the bills they have already racked up. >> he is the president. >> class a statesmanship. >> it is the ti

on things like raising the country's borrowing limit, the debt ceiling, and dealing with spending cuts that could include negotiations over programs like medicare. lester? >> all right, kelly, thanks. >>> one new member of congress, the junior senator from the state of maine, is already making a name for himself. tom brokaw is here tonight with more on a man who says he wants to do the people's business in a better way than we've seen lately. hi, tom. >> lester, we don't often think of maine and royalty in the same sentence. but tonight i am reporting on the king of maine. that would be angus king, near republican or democrat, officially independent. a former two-term governor, he promised a new approach. and it paid off. >> i do. >> my favorite line from the campaign is a guy up north who said "all my life i've wanted a chance to vote for none of the above and you're it." >> it's been difficult to envision this day when i would be saying farewell -- >> reporter: king is replacing olympia snow, a respected republican senator who quit in frustration over washington's deadlocked ways. >>

cuts, the debt ceiling, and a continuing resolution to fund the government. there are also two pieces of legislation that embarrassingly congress dropped the ball on last year are, relief for victims of hurricane sandy and renewal of the violence against women act. there is the farm bill that sets farm subsidies and food aid for the poor. there is postal reform, as the usps hemorrhaging $25 million a day and may need a bail-out, and the pie in the sky, the if only they could get their act together and actually do something wish list items, meaningful changes to the nation's gun laws and immigration reform, which the 11 million undocumented workers in this country are counting on. more than just a full plate, this is a jam packed enchilada of responsibility. joining us now from washington is the sade of capitol hill, boat shoe enthusiast and my celebrity dopplerleganger, nbc's luke russert. a man, i will say, who does not really take a vacation, luke. you have been in the trenches this whole holiday season, my friend. >> yeah, but thankfully the united states congress, the 113th got of

business on wall street. republicans are vowing to use the debt ceiling vote as leverage in an attempt to get severe cuts on federal spending and entitlement programs. president obama has said he has no plans to negotiate the debt limit with congress, leaving america back on the brink. juli neimann of smith moore and company is on the line with us with some thoughts on that. good morning. what will that mean for money managers? "this should be nothing more than a procedural vote, and if they don't go along with it and pull the stunt that they did in 2011, this really could throw the debt market into a problem. the big problem is the federal reserve is completely out of ammunition, so we are looking at a situation where if they are not in there supporting interest rates, you are going to see the market react and probably react badly. so investors and advisors could be in a rising interest rate environment before it really is due." thanks, juli. from new jersey northward, there's plenty of people hoping the newly-elected members of the house respond to disaster relief better than their o

the country's debt ceiling without debate. she told face the nation viewers the president has the 14th amendment on his side which states the nation's debt shall always be paid. she says that she and the democratic party will continue to focus on growing and supporting the middle class. >> the class is the strength of our country. and those we have to strength strengthen it and help those who aspire to be it in, be in it. but it's about a sense of community. and this is the epiphany i want them to have, not just we're only here for the wealthiest people and if it trickles down, that's a good thing. if it doesn't, so be it. that's the free market. that's not how we see it. >> pelosi met with hundreds of constituents and colleagues today for the annual new year's celebration in san francisco. meteorologist rob mayeda here. it's probably a good thing that nancy pelosi held that meeting indoors today. >> if you look at today's highs, it roi cool day around the bay area. interesting, the coolest temperatures we had, parts of the south bay and east bay where the clouds really didn't clear ou

the middle of january if president >> obama: baum and congress don't agree to raise the debt ceiling, the u.s. government will begin defaulting on its obligations, and as we all know republicans are trying to play hardball threatening to let the government go bust. >> we republicans need to be willing to tolerate a temporary partial government shut down. >> do you think that's a good idea? >> yes, i do. i think it's about time. >> jennifer: that has lead democrats to come up with some very unorthodox solutions. one idea is for the president to mint platinum coins. the coins would be turned over to the federal reserve, deposited into the treasury and as you can imagine this platinum coin idea went over like a lead balloon with the right. another plan that is gaining traction is for president obama to issue script -- or ious. coming to us from los angeles committee on taxation and is now a law professor at the university of southern california. he is a very serious fellow. ed, welcome back inside "the war room." i had to say that so that people understanding you were n

ceiling to avoid a government default is a problem for congress. >> one thing i will not compromise over is whether or not congress should pay the tab fair bill they've already racked up. if congress refuses to give the united states the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic. >> reporter: top advisers say the president will never again, as he did in 2011, get pulled into that debate. but republicans want a fight, tying the debt ceiling to spending cuts required by the fiscal cliff. >> we're crushing today's small business and the next generation of americans under a mountain of debt. >> reporter: they see an opening at the end of february when the debt limit, new $16.4 trillion, comes up as do mandatory spending cuts in the tebz of billions. >> it's time to face up to the fact our nation is in grave fiscal danger, grave fiscal danger, and it has everything to do with spending. >> reporter: with taxes raised now, republicans contend they own the spending cut debate. to complicate matters, the government runs out of funds for

two months before they raised the debt ceiling on risk. the president says the debt limit needs to rise. republicans say the president isn't willing to cut spending he will get a debate whether he likes it or not. some are proposing using one trillion dollars to pay this year's budget deficit. those against the coin idea... mike quickly snagged an influential assignment in the new congress. he will be the only member from illinois to serve on that panel. in an attempt to reach a compromise on pension reform in illinois willing to back off a proposal that will shift pension costs for suburban in downstate teachers. quinn says that he hopes madigan ships on who pays the pension costs will lead to a breakthrough on a pension reform. quentin and legislative leaders are scheduled to meet tomorrow afternoon to discuss pension reform it's believed it's sometimes easier to pass it difficult legislation in this waiting days of the session. the head of chicago immunizations will talk to us on how it looks so far. a pilot arrested moments before his plane was supposed to take off what poli

to come, eyeing the debt ceiling. senator lamar alexander calling on congress to focus on entitlement reform. he speaks to us about the costly growth of government programs, and his plan to fix it. that interview is next, right here on "squawk box." this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade

to raise the debt ceiling. we can and should negotiate over how we continue to reduce our deficits in a responsible and balanced way. but we should not play chicken with the full faith and credit of the united states. >> the treasury department estimates that if the debt ceiling is not raised, the united states may just hit that ceiling by midnight on valentine's day, five weeks from today. but congressional republicans might, they just might be ready to blink. here is republican senator ron johnson of wisconsin on fox news this afternoon. >> what about the debt ceiling deadline -- would you go through that, risk shutting the government down? >> we don't have to do that, we should not be playing this -- >> i know that, but what would you do? >> again, that is a hypothetical situation. >> senator mitch mcconnell evaded question after question about raising the debt ceiling on monday. >> it is a hostage worth ransoming, is that the strategy you would ransom that again here, to force the kind of spending cuts that you think are necessary? >> it is a shame we have to use whatever lever

and congress of bickering of the debt ceiling. how much do we cut security of a tweak of medicare. >> i do not have a crystal ball if i did not have a small island and have my own basketball team people under 4 ft. tall. >> we do not know what will happen the next days. >> we will check back with rob for winners and losers on wall street at 9:15 a.m.. >> right now is 6:48 a.m. and we are watching the weather. let us take a live look on van ness ave from our roof camera. we're getting a better look at things as the light is coming out. we will get with erica on the fall that is the big story and whether there is for to let us go to george. >> we're still tracking hot spots of interstate 80. even though progress is being made on clearing the crash. the back of continue to grow from el cortel drive. >> will continue to have a dense fog advisory for highway 4 in the antioch pittsburgh area. chp has not yet lifted advisory. that would affect traffic in both directions. it may be why we see a slower than usual east bound right. a new hot spots that is the problem here on the nimitz freeway. 880

ceiling. house speaker john boehner, who was re-elected, despite rebellion, says he hopes the new congress will rise to meet the country's extraordinary challenges. rob and paula? >> time will tell. should be interesting. tahman bradley in washington. thanks, tahman. >>> and there was a moment of bipartisanship, believe it or not. dozens of democrats and republicans, cheering on illinois senator, mark kirk. nearly a year after suffering a major stroke, kirk made the slow climb to the front door of the senate, with a little help from the v.p. and another colleague. he conquered all 45 steps. we'll look at some of the other memorable moments, coming up in just a minute. >>> and a special visitor comes to newtown, connecticut, today. former congresswoman, gabby giffords, is meeting with families of the 26 school attack victims. meantime, the school's children head back to class for their second day today in a new building, amid very tight security. abc's amy robach reports. >> reporter: officials say the buses were packed, and attendance was high, as nearly 500 sandy hook students returned to

defaulting between february 15th and march 1st. happy valentine's day, china, unless congress raises its debt ceiling. >> our fourth story, president christie? new jersey's governor got a big stamp of approval. there was a poll that just came out, gave governor chris christie 73% approval rating among new jersey voters. that's really important and significant. the reason is because new jersey is a big "d" democrat state. went for president obama in each of the two past presidential elections. so is christie the biggest contender for 2016? all right, this is a guy that -- he says what he thinks, roland. he says what he thinks. let me start off because a lot of republicans, john, have been questioning his party loyalty after the aftermath of hurricane sandy because in the final days of the campaign, he appeared with and complimented president obama. and then afterwards, he got very angry about the vote, right? and he slammed john boehner. loving obama, hating boehner, here he is. >> our delegation asked for a meeting with the speaker at that time. they were refused. i called the speaker four ti

? >> jumping off the fiscal cliff is nothing compared to blowing through the debt ceiling. here is why. the fiscal cliff was something created out of congress. it was sort of a manufactured crisis. now, the debt ceiling is for real. we come up against a borrowing limit and the government has to stop paying bills and it is a blunt instrument. i don't think either side wants to blow through the debt ceiling. i think we have to take a little bit of this blusterer with a grain of salt. what we want to take away from this whole period of time. when the government cuts spending it has a negative impact on growth. in the short run it hurts growth. if you look over in europe and austerity measures and governments pull back not so good for economic growth. when we say we want to fix the debt and deficit we have to be careful how soon and how quickly it occurs. >> kind of like after the holidays when you are feeling a little heavy you have to keep eating but you have to be a little more careful. >>> so jill gave us that news. i have other news for you, too. republicans attacking their own after

hagel as they want them to focus on what's happening with sequester and the budget and debt ceiling and other things that have direct impacts on people's lives. from a policy standpoint, does this come down to bush era neocon, that reminds them that he opposed the war. >> he did oppose the surge. for republicans this is about somebody whom they disagree with on policy and never liked that much in the senate because he wasn't the kind of senator that had a lot of friends, that played the relationship game at a high level. and so it's not like he has solid friendships that can help republican members of the senate who serve with him overlook their policy disagreements with him. ultimately, i expect senator hagel to tell members -- to tell the senate and tell republicans that he is there to do what the president asks in addition to providing his own honest counsel which we know will generally always be private. he will get roughed up and it will be good theater for us and ultimately he will be confirmed. my only caveat, he's been successful as a bisz man businessman before in the senat

that the republicans in the 113th congress will use the threat of not going along with a rise in the debt ceiling as a way of extracting more concessions with regard to spending cuts. some of the spending cuts, as i said, particularly with regard to infrastructure and safety net programs, programs for the poor, are very critical for the future. >> brown: doug holtz-eakin, i guess there's consensus there's more to come, right? >> no question, we got a mixed bag. it got us past theliff and the biggest thing is addition by subtraction. we have a recession, that's the best news. for 98% of the taxpayers it gave them a permanent current tax law and took uncertainty out. but from another perspective it wasn't very brave. in the end we taxed rich people to spend on the current programs and we kicked down the road cutting any new ones so it really wasn't a solution to the debt and it was not a great solution to avoiding a recession. >> pelley: so you start us looking -- picking up on looking forward where robert reich started already and so did maya. but the debt issues, the debt limit issue, that's the

showing little progress on next month's debt ceiling deadline, a far-fetched solution is getting more mainstream. we're talking about the $1 trillion coin. supporters including some lawmakers and nobel laureate paul krugman say the treasury department has the power to mint the supercoin which in turn would be used to raise the debt ceiling. and white house press secretary jay carney added some fuel to the fire when he refused to rule it out. >> do you believe you have a power to mint -- >> there is no plan "b." there is no backup plan. there is congress' responsibility to pay the bills of the united states. >> that's a little evasive in your answer. but i say -- are you narrowing the lead -- are you trying to leave room or not? >> there's no substitute for congress extending the borrowing authority of the united states. >> do you believe this is an option, and viable? >> i think there's the only option there. there is no backup plan. the only option is for congress to do its job. >> let's bring in nbc analyst and former communications editor karen finney. and also chip saltzman. good

is to lead. that means working with congress to come up with solutions. working on the debt ceiling is a huge part of that. if you look at any of the ideas that have been put forward to address the deficit and debt and the long-term growth of this country, it involves not only tax reform, it involves entitlement reform, balancing the budget and controlling spending. all of those things go into controlling the the debt the right way. host: has the president been a leader on these issues? guest: he needs to be more engaged on these issues and he needs to tell the people of this country what he believes the right plan is. host: that we go back to what senator mcconnell said and ask you to put some specifics to these words. guest: a similar plan passed the house committee, but the fall plan did not get through the house. we are improving the farm policy for farmers and ranchers, but at the same time, finding real savings. the other thing, when you put a five-year plan in place, you create certainty. that certainty stimulates investment and that stimulates economic growth that not only means putti

. not raising the debt ceiling is not the same as a partial government shutdown. raising the debt ceiling isn't about future spending, it's about past spending approved by congress. default would cause an immediate financial collapse with long-term national and global consequences. it's estimated the 2011 standoff increased the nation's borrowing cost by $1.3 billion in that year alone. it amazing me that the people using the debt ceiling as leverage to reduce the deficit don't seem to mind playing another billion dollar game of chicken. president obama said he would not negotiate over the debt ceiling. it looks like some republicans might already be backing off this fight overall. but in "the wall street journal" in an interview, john boehner, house speaker, called the debt bill "one point of leverage." but also acknowledged it's not the ultimate leverage. so where are they going with all of this? i'm going to john nichols tonight, washington correspondent for "the nation" magazine. john, good to have you with us. it's a game of chicken they are playing on sunday's "face if nation." senate m

as congress to production before we can have agreement to raise the debt ceiling. host: i could be the entire piece by eugene robinson, but i will share the first sentence. critical.s clearly i understand that solutions by nature are imperfect. but the reality is we have got to do these things that we are talking about. we need to do it in a thoughtful, open, transparent way, not. at the last not i think that is what he's referring to. when you do it up against these deadlines, a way to do business. we talked about it earlier. i hope that running into the deadline on the fiscal cliff is something that congress will take into account as we work on the debt ceiling agreement and that we can get it done before the deadline. remember, you have talked about how president obama, speaker boehner will approach these things, we've got to have people talking to each other and we've got to get to solutions before the 11th hour to avoid that. that is absolutely what we can do. host: we agreed to the debt ceiling limit, 16 $0.40 trillion -- $16.4 trillion, up in the last hours. guest: the treasury has som

house after the president insisted earlier this week he will not negotiate over the debt ceiling. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. >> reporter: if the president won't come to the bargaining table, one stop republican in the senate, john cornyn, says in an op-ed in "the houston chronicl chronicle", "it may be necessary to partially shut down the government." >> democrats warn, watch out. risking government shutdown, risking not raising the debt creeling is playing with fire. >> on this vote, the yays are 354, the nays are 67. >> reporter: a preview of that brinkmanship came in the house, where 67 republicans, including house budget chair paul ryan, voted against $9.7 billion in aid for victims of superstorm sandy. despite the tongue-lashing they got from new jersey governor chris christie. >> shame on you. shame on congress. >> reporter: the fact that the rest of the storm relief is now up in the air until a vote late thermowas a letdown for new york and ne

to raise the debt ceiling, it is congress' responsibility. he will not engage in a negotiation with congress that as advocates have described as a hostage situation that would result as it did in the summer of 2011 harming greatly this economy and businesses and great harm to average americans. so, it is just not the right thing to do. i think that if we were to travel down the road for any length of time, a great deal of unionimity behind the idea that it is a terrible proposition to flirt or allow default. let me remind you if the position of republicans in congress will be your choice america is between default and therefore economic chaos on the one hand or voucherizing medicare or slashing benefits for seniors. american people will say no. this is not the right way to do things in this country. you have to heed to your responsibilities here including paying for the bill that you racked up. this hases to do with spending that has already been incurred. it is congress' responsibilities to pay their bills. george, when you get a credit card bill, you pay it. if you don't you

the debt ceiling again. right now, it is set at $16.4 trillion. you might remember, there was a fight over whether to set it that high. in february, congress will have to decide again whether to raise it. it's a decision that essentially covers money already spent. >> something i will not compromise over is whether or not congress should pay the tab for a bill they have already racked up. if congress refuses to give the united states the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic. >> the president and the democrats controlling washington repeatedly refuse to take any meaningful steps to make washington live within its means. >> last time congress threatened not to raise the debt ceiling, one creditor dropped the nation's credit rating. the international monetary fund warns that another fight like that will affect the world economy. >>> it will soon be legal for some people to smoke pot in dc. the first medical marijuana clinics will open soon, and it's been a long time coming. medical marijuana was given a thumbs-up by district vo

ceiling, dom congressional democrats say the president does not need to go through congress at all. you can imagine how that is sitting with congress and republicans. the state of business in america. we will find out where we are from the u.s. chamber of commerce president tom donahue. "special report" from washington starts at 6:00 eastern. now back to new york and my colleagues with "the five." ♪ ♪ >> kimberly: it's confirmed. cyclist lance armstrong will sit down with oprah and it could be confess about the doping scandal. that is later this month. in the meantime, there are serious allegations out today about whether or not armstrong tried to intimidate people investigating the doping allegation. the ceo of the u.s. anti-doping agency talking to scott pellier in interview. >> was lance armstrong involved in intimidating the other rider tos keep them quiet? >> he was. it was tough. all the witnesses were scared. of the repercussions of them simply telling the truth. >> what could lance armstrong do to them? >> incinerate them. >> kimberly: wow! he has superpowers? then what did

". good morning. >> good morning, carrick qaa. >> the first fight is a familiar one, the debt ceiling. when you look at this new congress, what will we see when it plays out? also a familiar scenario? >> well, i think there's so much division within the republican party. when you look at reaction to this fiscal cliff bill, a temporary measure and you see how it has torn the republican party apart, it begs the question what is going to change when it comes to the debt ceiling. the president state aid red line say he will not negotiate the debt ceiling. in 2011 they finally got a deal. america's credit rating was downgraded with them playing chicken one side on the other. he will be locked in with republicans over spending. now that they have given on the tax part of this there are so many fights ahead. >> when we look at future deal making, speaker boehner said i'm not going to do one-on-one negotiations with the president. how is that going to impact things? >> he became the negotiator with the white house. but it begs the question, how much different senate republicans are than house

. the president's... . the presiient says he onnt negotiate ith congress over liftiig the debt-ceiling. "i will not play that gamm!" republicans say: "the presideet maa not want to have phis debatee but it's the one he's gonna have - becauue the coontry needs it." so while they debate over a debate- ann &pbuulet to solvv the crrsis? 3 try a magic coin. some economists, legal scholars and now even a congressman are suggessing a 1-trillionndollar and he gooernment could use default and pre-empt the debt ceeling crisis. democratiic congressman jerrold adlerrof new york ays "i'm being absolutely serious... it absolutely legal." i spoke to you think it's a good idea do right now." "well i thiik it's better than aagovernmenn shut- down. it's better than ddfaulting on the debt. i mean &pit'' better than the bad alternaaives." ann technically it appeaas to be legal. here's how. "the uss money... but under law there's aalimii toohow much paper money can circulate at any onee that limit at least whaatee dennminations gold, silver and copper coins can be. bbt there ii no limit on platinum &pcoi

done. you heard him preview this argument that if the nation does not increase its debt ceiling and if this becomes a long, drawn-out battle like the one we saw back in 2011, the economy will suffer greatly for it. so the battle lines are getting drawn, craig. get ready for another big washington with, knockdown, drag-out fight. it sounds like it will be debt ceiling before immigration. >> well, i wouldn't say that. i have been talking to my sources here who say that the president is still very focused on his second term agenda which includes immigration reform and enacting stiffer gun control laws and also some new energy policies in terms of the timeline, the white house is still working all of that out, but they say that the president is determined not to have these budget battles derail or side line his other policy goals. a lot of analysts are looking at the situation and saying it's tough to do that and there are more budget battles that are on the horizon that will take up a lot of time and public attention and consumption. >> kristen welker. honolulu. kristen, thank you

to the president. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of defeat once again, which is part of the negotiation, which by the way we never did in our history until we did it last year, i will not play that game. >> he says he wouldn't play that game. but republicans say they will only raise the debt ceiling if there is an equal amount of spending cuts together with the raising of the debt ceiling. he says he is not going to play that game. will he have any choice? >> look, that is the kind of brinksmanship i'm talking about. we should not negotiate on the full faith and credit of a u.s. government. that is crazy. why would we want to put our economy through that? but there are lots of things we can negotiate on. we do have a sequester, we do have the end of the continuing resolution. we have lots of things coming up that will force us to make some of the tough decisions. >> here is what mitch mcconnell wrote on yahoo! news. i'll read about it, he is going after the president. he is the republican leader in the senat

.c. will hit our 16.4 trillion dollar debt ceiling on february 15th unless congress acts. republicans have said that they will not approve an increase to the debt ceiling, basically our credit limit, without some spending cuts. but a group of democrats have now sent a letter to president obama arguing that he doesn't really need the republicans to say okay to raising the debt ceiling, he can do it himself and if the republicans don't like it, they can take him to court. brit hume is our fox news senior political analyst, brit, so the democrats want president obama to say, if the republicans say you're not getting your debt ceiling increase unless you give us spending cuts, they want president obama to turn around and say i'm not giving them to you and if you refuse to raise the debt ceiling i'm just going to do it, if you don't like it, sue me. is this likely? >> well, i don't think it's a likely outcome and i think if it ever came to that that the president would almost certainly lose some of his administration's lawyers have said as much. and basically what it comes down to, there's a passage

, kentucky, democrat. caller: the thing about the debt ceiling and spending, what congress needs to do is start working out a bill for jobs. you get people back to work and you bring in more revenue and taxes. it would increase the revenue. you have less spending. you would not have to -- the deficit is automatic. it should be used to pay the government's bills, which are our bills. we should not be downgraded again. they are using that as leverage as social security, medicare, medicaid are not entitlements. people pay into that. i paid into it. i worked 50 years. i paid into it. it should not be part of any plan to cut entitlements. they are not entitlements. host: bill, twitter -- we have a poll on our c-span facebook page axin asking you if spending should be tied to the debt limit increase. so far, the no's are in the lead. it is one comment on facebook -- rick, virginia, independent. caller: for eight years of bush and dick cheney said we did not have to worry about the deficit. they say taxing is off the table because they have a tax on the rich. what happened to these companies

effect in two months and the policies default of the government when we reach the debt ceiling. >> house speaker boehner who was reemelected to house speaker despite rebellion among some conservatives hopes the congress can rise to meet the exceptional challenges. >> before you go, the first vote provides resources for flood insurance but that is just a small piece, right? the prosecute of the relief, what about that? >> the speak speaker says congress will take that up january 15, he wants to make a downpayment on some of the money and come back with another vote in a couple of weeks. >> thank you for that report. >> federally mandated improvement project shuts down a runway at san francisco international airport for three weekends this month. it will cut the hourly number of flights in half. it could result in delays for delights in a two hour radius of the airport. crews will install upgrades including new lighting systems and navigation aids. the first closure begins next friday. >> we have not seen so many delays because of weather, right, because it has been clear and dry. >> the c

ceiling and the debates we've seen in congress. >> slow growth. >> our hands almost. really when you think of it that way. >> very much. >>> still ahead a couple of d.c. city leaders are headed to the white house today. why do you think that is? >> we'll explain right after this. >> plus a group of virginia lawmakers strike an early blow in the fight over the relocation of the fbi headquarters. we'll be right back. ha never encnteredch a bning . until had thshingles. r re of the side sry, visit shinesinfoom like sebody d set a ba of hot chaoal ony neck. hai's somethg youdch a bning . ner wanto encounteochickenpx >>> 5:09 out on the weather terrace. 39 degrees here in northwest but you know with light winds it's really very comfortable. i have the heavy coat on but the novembers are off. it's not a bad cold. that comfortable cold as you call it. we will see the clouds thicken up and this afternoon expecting rain showers around. by lunchtime 48. we'll get to 50 but stay in the upper 40s with the rain showers around for the afternoon and evening hours. let's go inside with monika samtani get

to fix the debt ceiling before the u.s. will default on some of the bills. >> how is that tough spot going over with repaub cans? -- republicans? >> not very well. thor those who pushed for the higher taxes during the fiscal cliff battle now want to focus on spending. they see raising the debt limit repeatedly is path of the problem. >> looks like the second term of obama will be an in your case term. i am not going to touk with you at all. >> we get to cut one dime nower>> congressman chris van holland said it is irresponsible not to pay bills that are due. after decades of military service two our country the former general can be found in civilian clothes but not necessarily by choice. stan me mccrystal going public for the first time that cut his tahrir short. >> 100 yearing ago the 27th man in the u.s. is in that house. presidential bieb brar reand materials. we will go back tore all of the t-shirts. [ male announcer ] coughequence™ #8. waking the baby. [ coughs ] [ baby crying ] ♪ [ male announcer ] robitussin® liquid formula soothes your throat on contact and the active i

with the recovery effort. >>> as the president and congress prepare to do battle over raising the debt ceiling, we are about to get the inside story on how the fiscal cliff negotiations went down. this morning on abc's "this week" mitch mcconnell is the guest. he's the republican leader who ripped craft the compromise. but did they just kick the can down the road and what to do the republicans plan to do about raising the debt ceiling? don't miss "this week" with george stephanopoulos coming up at 8:00 right here on abc7. >>> this morning lance armstrong's attorney is denying report the former cyclist is planning to admit to doping charges. the new york times reported that armstrong is considering a public admission. he has denied doping, as you know, for more than a decade. in a follow-up story the times said the u.s. doping agency could use armstrong's admission to go after other cyclists suspected of using perform answer enhancing drugs. speaking to former teammates, they said armstrong's testimony could provide the agency with much-needed insider info on how athletes are obtaining and using th

to do battle over raising the debt ceiling, we are about to get the inside story on how the fiscal cliff negotiations went down. this morning on abc's "this week" senate minority leader mitch mcconnell is the guest. he's the republican leader who helped craft the compromise. but did they kick the can down the road? is that all they did. and what do republicans plan to do about raising the debt ceiling. don't miss "this week" with george stephanopoulos coming up at 8:00 right here on abc7. >>> fans of a popular peninsula ice rink are rallying against a plan to close it. the ice center of san mateo is slated to close on june 1st. the landlord wants to transform the location at the bridge point shopping center into more retail space. but long-time fans of the rink are petitioning the landlord for a change of heart. >>> i mean, it's where most of our skaters, they come here almost every day. their parents drop them off. they feel safe here and for most of our skaters they are sad. they aren't sure what they are going to do, what their coaches are going to do, where they will end up. >> that

are a london-based debt ceiling limit. we cannot know what is in store for my state budget or other states because we do not know what congress and the administration is going to do as they work together to find a solution to the been issues facing our nation such as the cuts in the deficit. we have a current website or we have a best practices, resources. -- we have a great website where we have best practices and resources. there was an option we were looking at for being able to help those who were uninsured create better access to care. we need that flexibility in oklahoma to sustain a program currently working in my state. >> i was hoping you could expand on the tax reform task force you created. can you outline some of the goals? you also mentioned tax exemption about investment infrastructure. maybe you can expand on that in terms of what steps you are taking as congress is talking about sequestration. >> the tax reform task force is being led by the governor of pennsylvania and the governor of kentucky. we recognize there is considerable work being done here in washington. we think

know and some things we don't know. the debt ceiling and more among the jobs here, negotiate a debt ceiling and sequester deal with congress, or if you don't do that figure out thousand run the government without debt. an interesting job. also on that agenda, fixing long term entitlements. as well as the broader thing which geithner has been working on, but hasn't really pulled the trigger on, corporate and individual tax reform. let's broaden it out because there's a local other area especially in the wake of the financial crisis. the global finance job. who is the treasury secretary? he's the guy you need to stand up during the next meltdown. second thing, dodd-frank remains out there, unfinished regulations. basil 3. fannie mae and freddie mac as well as more on too big to fail. that's some of the new stuff. how about the old stuff in not an easy job either. he's the main spokesman for the greenback. he will negotiate with china and other partners, as well. and then he's the representative when it comes to the g-20, the imf, world bank and of course what about that other thing, h

not raise that debt ceiling? >> i think i would agree, this is one of the stupidest ideas. >> megyn: really? >> that comes out of washington. but this, i could puse the pun, it doesn't make "cents", i know it's friday afternoon and people are a little tired. it's a stupid idea and a nonstarter. congress is going to have to extend the debt ceiling or we default on our debt, and it's cataclysm cataclysmic. i hope and i pray after the inauguration that people reach across the aisle. we're going to have to cut defense. we're going to have to increase the eligibility for entitlements and perhaps cut back on the automatic cost of living increases. we're going to have to do tough things, shared sacrifice and that's going to have to happen and legions of lobbyists surrounding washington in the next couple of weeks, ought to be the folks that ought to be put on the back burner and people, reasonable people on both sides of the aisle are going to have to resolve this. we have to quit spending as much money as we're spending, we all agree, democrats and republicans. the problem is we've got special in

months and the possible the fault of the government when the country to the debt ceiling. house speaker john boehner, despite rebellion g some conservatives, says that he hopes the new congress rise to meet the country's extraordinary challenges. tahman bradley, abc news, washington. >> 33 degrees on this friday morning. >> still ahead, if you thought favorite singer could hold a note. until you hear one of you were singing "hail to the redskins." >> and a decision on whether redskins." >> and a decision on whether -- google fav man: at turbotax, we know this is more than a paycheck. we know all the hammering, dg,ving, writing, nursing, and teaching it took to earn it. so we give you the power to keep as much of your hard-earned money as possible. our customized interview covers everything from a service member's deployment, to a student's loan interest, right down to a teacher's crayons. you've worked hard to earn your money. we're here to help you keep it. turbot t-- the power to keep what's yours. try it free at turbotax.com. haaaaaaaaaaaaaaaaaaaaa ail e]olding a not to the redskins

on the debt ceiling is by mobilizing the business community, mobilizing wall street, putting huge pressure on republicans in congress right now. it's got to be done right now. it can't wait. the economy really will suffer if we go right up to that deadline because it's not like the fiscal cliff. we're talking about the full faith and credit of the united states. >> if that doesn't work, bob, i mean does the president -- can he really sustain this notion that he's not going to negotiate? >> he can't. that's why he needs wall street and the business community behind him saying don't jeopardize the full faith and credit of the united states. it is an abuse of power to subject the united states to that kind of potential danger. >> but how much negotiating is he doing? last week he had to outsource it to vice president biden because he doesn't have the relationships, he hasn't spent the years whether as president or -- he had to outsource it to see his old friend senator mcconnell. it's so dysfunctional -- >> start by saying i'll give you this. they never start that way. they start with, this i

. regarding raising the nation's debt ceiling and some house democrats say he doesn't have to negotiate. because they claim the constitution does give him the power to raise the limit on his own. specifically, the 14th amendment which reads in part, look at this. the validity of the public debt of the united states shall not be quedz. of course, there is more to this. mike emanuel is at the white house. what's the reaction from there from republicans. >> republicans say there must be spending cuts and when we're considering raising the nation's credit card limit, the debt ceiling is the time to do it. the white house says it won't negotiate. >> this is about past spending, not future spending. it is about paying our bills. and congress has that responsibility. congress needs to fulfill it. >> remember, republicans had to accept a tax increase in the last crisis. the fiscal cliff. now they want to slash spending. >> we need significant spending cuts and real tax reform to address our long-term debt problem and pave the way for long-term growth and real growth in jobs in our country. >> i

by trying to use the debt ceiling as leverage. i'll have the details ahead. >>> and "zero dark thirty" had members of congress calling for an investigation. did the controversy keep the film from receiving more oscar nominations? film critic david edelstein will weigh in. don't forget, you can listen to my radio show on sirius xm radio channel 127 monday through friday noon to 3:00 p.m. share your thoughts with us on facebook and on twitter using the #edshow. we're coming right back. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get st

with the economy by trying to use the debt ceiling as leverage. i'll have the details ahead. >>> and "zero dark thirty" had members of congress calling for an investigation. did the controversy keep the film from receiving more oscar nominations? film critic david edelstein will weigh in. don't forget, you can listen to my radio show on sirius xm radio channel 127 monday through friday noon to 3:00 p.m. share your thoughts with us on facebook and on twitter using the #edshow. we're coming right back. i have direct deposit on my visa prepaid. my paycheck is loaded right on my card. automatic. i am not going downtown standing in line to cash it. i know where my money is, because it is in my pocket. i got more time with my daughter, we got places to go. [ freeman ] go open a new world, with visa prepaid. more people go with visa. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog

that whole government thing down. >> none of us like using these situations like the sequester or the debt ceiling or the depreciation of government to try to engage the president to deal with this. it's a shame we have to use whatever leverage have in congress to get the president to deal with our future with excessive spending. >> jennifer: it was yesterday he said that, but i'm sure he still believes it today. everybody agrees we have to cut spending for long-term purposes. the disagreement is over the length of time. joining me now is pulitizer prize winner hedrick smith, he is the author of the new book "who stole the american dream?" so glad to well you inside "the war room." >> so good to be with you. >> jennifer: do you think the middle class is a casualty of this kind of political wrangling in washington. >> i think it goes further back than that. it starts with a huge power shift that took place in washington back in the 1970s. we think of middle class prosperity as a time when the economy worked much better but the politics worked much better as well. we ha

and it is all about the looming fights in congress over the spending cuts and the debt ceiling, they'll make for a couple volatile months for the market in january and february, ashleigh. >> okay, alison, thanks very much. have a good weekend. >> you, too. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get th

to raise the country's debt ceiling. shortly after lawmakers reached a down to the wire deal on taxes to pull the country back from the fiscal cliff earlier this week, the president tried to preempt the debt limit showdown by firing a warning shot at republicans. he reiterated that call yesterday. >> one thing i will not compromise over is whether congress should pay the tab for a bill already racked up. the congress refuses to give the united states the ability to pay its bills on time, the results for the global economy could be catastrophic. >> congress has vowed to use the upcoming votes to get more spending cuts to entitlement programs like medicare. some are threatening a government shutdown. in a moment, we'll talk to alan simpson and erskine bowles about where they see the fiscal cliff deal leaving the country. they say it falls short. but first, the man who brokered the deal with the white house on behalf of the republicans and no doubt will be a key figure in the battles ahead, the top republican in the senate, mitch mcconnell. he joins me now. leader mcconnell, happy new ye

are already being drawn. chief among them whether congress will vote to raise the country's debt ceiling. shortly after lawmakers reached a down to the wire deal on taxes to pull the country back from the fiscal cliff earlier this week, the president tried to preempt the debt limit showdown by firing a warning shot at republicans. he reiterated that call yesterday. >> one thing i will not compromise over is whether congress should pay the tab for a bill already racked up. the congress refuses to give the united states the ability to pay its bills on time, the results for the global economy could be catastrophic. >> congress has vowed to use the upcoming votes to get more spending cuts to entitlement programs like medicare. some are threatening a government shutdown. in a moment, we'll talk to alan simpson and erskine bowles about where they see the fiscal cliff deal leaving the country. they say it falls short. but first, the man who brokered the deal with the white house on behalf of the republicans and no doubt will be a key figure in the battles ahead, the top republican in the senate

with this debt ceiling and people are starting to talk about cutting back medicare, which is the better bargain, and which is better for the people who need it? >> well, at the end of the day, if you have a medication that can improve the lot of people with these terrible diseases, that is a lot cheaper in the long run than paying for all of the hospital care and other care that you're going to need down the road as these people have their chronic conditions. in fact, investing in good medicines that really deliver value to the patient is an economically important way to go. that's a smart way to go. >> and it has to be the same for cerebral palsy, i have to believe. you've got a 20-person safety and efficacy trial going on right now. you don't know what the results are. but 400,000 people have this. if you have a pill that could make people be more physically in control of their lives, i have to believe that's a bargain for america and it's great for the people. >> couldn't have said it better myself, absolutely. >> now, how about epilepsy? where are we? because when i see someone buying a com

's first priority would be to work with congress to raise the debt ceiling and the president would need to find a new chief of staff. >>> a federal court has approved additional severence pay for dozens of former military servers who are gay and lesbians who were discharged under the don't ask, don't tell law. this covers 180 veterans who received only half their separation pay. don't ask/don't tell was repealed last fall. >>> it will be late march before the u.s. supreme court hears arguments on two same-sex marriage cases. arguments on proposition 8 which bans gay marriage, will be heard on march 26th. the court will hear the challenge to the federal defense of marriage act the next day. doma makes it so salt lake city marriages are not recognized -- so same-sex marriages are not recognized under any laws and allows states to ignore same- sex marriages performed in other states. >>> today, google chairman eric schmidt met with students at a university in north korea. now, schmidt is visiting north korea along with bill richardson. you are looking at some new video. there's schmidt and

it. but no president has made that argument. the congress has raised the debt ceiling 70 times since 1917. every single president from woodrow wilson to barack obama recognizes that only the congress can authorize debt. >>gretchen: oftentimes people put out a trial balloon to see how the public reacts to it. do you think there was anything to do with nancy pelosi saying that on behalf of the president or just her idea? >> i can't get into mrs. pelosi's head. the statement was disingenuous, not grounded in history and betrays the purpose of the constitution. >>gretchen: you don't think it will happen? >> it's not going to happen. think about people loaning money to the federal government. they would be hesitant to do so without a promise by the congress to pay it back. why the congress? the constitutes says only the congress can raise money and pay debts. and mrs. pelosi should know that. >>gretchen: you would know what the constitution says. judge, great to see you. happy new year. >> happy new year to you. welcome back. >>gretchen: next, eat your way to a stress-free life. dr. samad

. this will kill us. >> the question is, if we went over the cliff or didn't fail to raise the debt ceiling, certainly there would be dire consequences. the question is, when else is the congress of the united states going to do anything proactively about spending? they have proven definitively over the last 70 years that they cannot do it. and this has become, for better or for worse, the pivot point. the demarkation, the line in the sand, president obama says, is he not going to tolerate a debt ceiling fight but the truth is, it doesn't matter whether he's going to tolerate it or not. >> it's not for better or worse, margaret, and you know that. you know it's absolutely for worse. >> is getting our spending under control for worse, though? >> the idea that you would allow us to default is outrageous. and there's no way to even kind of deal with that and to argue that as a legitimate point. >> but do you think arguing that we go off the cliff might be a secure deal? >> you do have the sequester. you may have a budget. i'm not saying you don't have a fight. i'm not saying you p don't have a

the federal deficit, spending cuts, the debt ceiling. it's the last -- if the last congress had so many challenges producing a bill to avoid the fiscal cliff, do you think this congress will be more productive, and if so, why? >> you know, i think that remines to be seen. i think that, again, that congressmen need to hear from their constituents and people need to know that hey, we sent you guys up there to get to work. we mean business. stop all -- all of the partisan bickering. of course, republicans and democrats are always going to have differences on issues, but things of this nature that could cause economic catastrophe, those sorts of things, we should be able to work a lot easier on. and that's why i'm up here. i want to work with my republican colleagues. i've reached out to all of my republican colleagues in the north texas area to let them know that i want to work with them, and i will continue to reach across the aisle, all across the congress with -- working with republicans because i know that it is very important that we do a better job of workiwork ing -- of working toge

the debt ceiling. >> it is congress' responsibility to ensure that the bills congress racked up are paid. >> reporter: just one of several looming showdowns as the president prepares to kick off his second term. >> what you're seeing is a more aggressive barack obama, someone who is looking more at polishing what his place in history will be, the mark he wants to leave on the country in the next four years. and that, in some ways, means a more contentious relationship with congress. >> reporter: and some serious people, matt, are floating an idea to try to avoid that debt ceiling crisis, proposing that the treasury department mint a platinum trillion dollar coin. you would put that coin away in the federal reserve and then if necessary, you would spend it to help pay off the money that the u.s. owes. if that did happen, an idea some would call ridridiculous, you wd hate to be the person to put that coin in the million dollar meter. >> not a good thing, peter. thank you. >>> new jersey governor chris christie made some headlines recently when he called out gop republicans for postponing a

ready to face off with congress over the debt ceiling, gun control and immigration. the latest on a grew some murder trial underway in phoenix right now for the woman who claims she shot her boyfriend, stabbed him over and over again and slit his throat but all of it, she says, was self-defense. >>> plus, could diet soda cause depression? we'll talk to dr. manny. it is all "happening now." jon: a lot of news to get to today but we begin with this fox news alert on a brand new outbreak of a fast moving and very contagious disease. good wednesday morning, everybody. i'm jon scott. jenna: we're talking about a new strain of norovirus first emerging in australia. known because of that acid any 2012. now it is hitting the united states in 2013. adam housley has more on all of this. what is going on? >> reporter: this is being watched all across the country. this is flu season and flu outbreak numbers have gone up across the country. this is not flu. a norovirus, gastrointenstinal virus. when you have a new strain goes up by 50%. this strain first showed up on the scene in australia back in se

deja vu all over again. president obama says raising the debt ceiling needs to be done in order to avoid a government default and he wants congress to solve that problem. but he says he's not going to be pulled into a debate about it this year. republicans, however, may want to fight. they may tie the debt ceiling to spending cuts if they haven't -- that they haven't gotten so far. they see it as an opening and going to happen at the end of february when the debt limit comes up along with mandatory reductions in spending. >>> the fiscal cliff tug-of-war ends with pork, a lot of it. >>> plus big brother on the bus? how many muni plans to keep a close eye on its riders in the coming year. >>> a new push to stop mass shootings and the stockpiling of ammo. our conversation with congresswoman nancy skinner coming up next. [ male announcer ] the distances aren't getting shorter. ♪ the trucks are going farther. the 2013 ram 1500 with best-in-class fuel economy. engineered to move heaven and earth. guts. glory. ram. the new ram 1500. >>> if you ride muni, get ready for your close-up.

pressure to avert another financial crisis, this time over raising the debt ceiling. if an agreement is not reached by late february or early march, the united states risks defaulting on its phenomenon r financial obligations. the argument will be how much congress will agree to cut spending. >> the bottom line is we can't continue down the path we're on of borrowing money to pay our debt. we have to have dollar for dollar cuts. >> key democrats and say the debt ceiling and the tax cuts are unrelated. >> not going to say i'm not going to pay my bills unless you stop buying stuff. so stop buying stuff so you don't have future bills but right now we have to pea the bell for what we incur. i you want to tie it to what we do next, fine. >> the big part of the budget is getting people back to work. >> president obama has said he will not negotiate with congress on whether they should pay their bills. some republicans are now criticizing his fiscal leadership. >> what is really disappointing to me is that the president isn't generating a discussion on his own help has to be dragged kicking

the debt ceiling, and almost went over the fiscal cliff. all crises of their own making. ezra klein is also an msnbc political analyst and "washington post" columnist. robert costa is the washington editor at national review and a cnbc contributor. gentlemen, the 112th congress was not only unproductive, it was hugely unpopular. for comparison's sake, the irs, nixon during watergate and bp during the oil spill all had higher popularity ratings than this congress, and yet, ezra klein, if the objective was to thwart all things obama, you could say they were immensely successful. >> and yet they weren't because the overarching strategy was to eventually thwart obama himself, to get him not re-elected, to allow mitt romney or whoever was the republican nominee for president, to become president in 2012 thus fulfilling what senate minority leader mitch mcconnell once referred to as his top priority. that didn't work at all. the republican brand was so tarnished in part because of the actions of the 112th congress, in part because of the way republicans acted around things like the debt ceiling,

the first few months, lawmakers face a looming government shutdown and battle over the debt ceiling and automatic spending cuts. former republican congressman jim nussle says this new crop has a tough job. >> what just happened with the debt and the deficit and the taxes, that doesn't go away. >> reporter: democrats still control the senate. and republicans the house with the same leaders returning. >> we're sent here not to be something but to do something. [ applause ] >> reporter: kildee says he's up for the job. >> while it's daunting, this is what i'm ready for. i'm here to work. >> reporter: his first major vote will be friday when the house takes up part of the superstorm sandy relief package. danielle nottingham, cbs news, washington. >>> and hillary clinton plans to return to work next week to finish out her term as secretary of state. she was released yesterday from a new york hospital where she was being treated for a blood clot. it was the latest in a string of medical problems that sidelined the nation's top diplomat for nearly a month. her doctors expect her to make a

, no consideration of gun laws it's all about cuts, we're holding up the government on the debt ceiling for the continuing resolution. i think we're going to have an even more difficult 113th 113th congress than the do-nothing 112th congress at that the 112th congress was the nader of congresses. not ralph. eric can't tore wanting to step up it's a shakespeareen type thing. >> cenk: congress has a 9% approval rating. head lice and cockroaches are more popular than congress. do you have a sense from your colleagues obviously you're a democratic you want to discuss gun control. twenty murdered kids, apparently as far as they're telling you didn't do it, they're not going to bring it up. a congresswoman getting shot in the head didn't do it. massacre after massacre didn't do it. is there any amount of murder and mayhem in this country that would actually push the republicans to schedule a vote on this in the house? >> i don't see it, because i really think the republican house membership and the caucus is so far out of touch it's not anything like republicans used to be that were an altern

, stuart. martha. martha: if congress fails to raise the debt ceiling, democrats suggest ad very interesting alternative the president could take into consideration, he could just mint a couple trillion dollar coins. the idea was floated by an analyst at washington research group. democrats like jerrold nadler says this is a great idea. there is a legal loophole that allows the treasury to print platinum coins of any denomination the president likes. republicans say no way. they are already introducing a bill to make sure it doesn't happen. seriously? give me a break. bill: they would be quite valuable. martha: really. bill: maybe not. martha: maybe not. bill: on the topic of money, president obama is settling on the new pick for treasury secretary. he might announce it sometime this week. jack lew would replace timothy geithner if confirmed. prior to this role he was the direct are to you of office of management and budget. before that lew was the first deputy secretary of state and management resources. martha: washington is still reeling from the president's nomination of chuc

.8%. red alert. the united states could default on its debt in five weeks in congress doesn't raise the debt kree ceiling. half a month earlier than expected. america could be in default as early as february 15th and almost certainly before march 1st. despite extraordinary measures taken by the treasury department to delay that from happening. on that day, the luu.s. will ha $9 billion coming in to the treasury's coffers. $52 billion going out. committed spending, including social security checks, paying f active duty military. that's what they are fighting in washington. how to cut that spending. >> that math does not add up. it cannot work. >>> so it wasn't exactly point/counter point. because piers morgan didn't say much when he sat down with alex jones, the guy who created this petition to have piers deported because is he an outspoken advocate of guns and gun control. jones went completely into rant mode last night. here is what he said. >> i'm here to tell you, 1776 will commence again if you try to take our firearms, doesn't imagine how many lemon us get on the street, beggin

obama is turning his attention to the next battle in today's weekly address, the debt ceiling. >> one thing i will not compromise over is whether or not congress should pay the tab for a bill they already wracked up. if congress refuses to give the united states the ability to pay its bill on time, consequences for the entire global economy could be catastrophic. >> meanwhile, during a closed door meeting on friday, john boehner told members of the gop conference he plans to use the upcoming battle over raising the debt ceiling as leverage for more spending cuts. insiders on capitol hill have been told to prepare for chuck hag hagel's nomination for defense secretary. at the same time, a white house spokesperson says the president has not made a final decision yet. congress passed a hurricane sandy relief bill that provides 9.7 billion to the national flood insurance program, nearly out of money, republican leadership took heat from both parties. the house is set to vote on additional sandy aid. worth nearly $52 billion on january 15th. the senate is recessed until the 21st. >>> presi

ceiling. it is congress. he will not engage in an association and with congress that they have described as a hostage situation that would result as it did in the summer of 2011, in great harm to this economy and to american business. it is not the right thing to do. if you are to travel down that road for any time, let me remind you it the position of republicans in congress will be that your choice america is between default and economic chaos. the american people are going to say no. this is not the right to say no. that tahiti irresponsibility is. that includes paying for the -- that includes responsibilities. it is congress's response ability pay its bills. when you get a credit card bill you pay it. if you do not you get penalized. in the case of not paying your bills when you are the united states congress the penalty is both real and severe for the economy and american people. the president will not negotiate over congress for the response ability to pay for their own bills. he did not sign all of the spending bills. he has been on this for four years. this was racked up under th

with congress on real solution and coming up agreement on debt ceiling is a huge part of that and it goes exactly what we have to do. if you look at simpson-bowls and ideas to address our debt and get our economy back on track, it involves not only progrowth tax reform but it also involves entitlement reform and balancing budget and controlling spending. all of those things go into addressing the debt limit the right way. the president has to be a big part working on that. host: has he been a leader? is the president is leader? guest: he needs to be more engaged and he needs to work with congress in a very hope way and he has to tell not only congress but the people of this great country exactly what he believes the right plan is to reduce spending, to reform entitlements and to join us and put those things in place. host: let me go back to what senator mcconnell said and put specifics to these words. he said, we simply cannot increase the nation's borrowing limit without committing to long overdue reforms to spending programs that are the very cause of our debt. guest: i think that's wha

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